What if my credit union is closed and they can’t produce a digital contract for me?

If your lender is closed or can’t complete the digital signing of your loan, the dealer may ask you to sign a “backup” contract. This temporary contract simply allows you to take the vehicle home while your lender reviews and finalizes your loan during normal business hours.

Once your lender approves and funds the loan, the backup contract is destroyed. If your lender does not approve your loan, the dealer will send the backup contract to one of their indirect lenders for funding instead.